02/02/10 Stockholm, Sweden – It’s a textbook case of when doing less is more. If the Obama administration had better kept its powder dry, instead of spending so profligately, it perhaps wouldn’t be stuck doing so much backpedaling.
Now the federal budget’s in pieces and it seems too late to be begging from the too big to fail banks.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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Perhaps too big to fail is too big to exist. No one is permitted to have a salary greated than the President. No company can have a balance sheet with more than say a trillion. Just limit the number of columns on their green accounting pads. 1,000,000,000 is a lot!
But then we wouldn’t need a lot of federal bureacrats to tell us that we are screwed!!!